White House Ups Anti-Oil Company Rhetoric

The White House is doubling down on its rhetoric against oil and gas companies in the wake of higher gasoline prices—rhetoric that is likely to do precious little to inspire long term investments in an industry that is scrambling to meet demand—but one that could garner support for a possible windfall tax on the heavily profitable industry. "It's outrageous that oil and gas companies are able to take advantage and make four times the profits that they made when there wasn't a war," deputy director of the National Economic Council Bharat…